An Analysis of Changes in Selected Statement of Financial Position

question 93

Multiple Choice

An analysis of changes in selected statement of financial position accounts of Johnson Company shows the following for the current year:
$\begin{array} { | l | l | } \hline \text { Property, Plant, and Equipment accounts: } & \\\hline \text { Debit entries to asset accounts } & \$ 160,000 \\\hline \text { Credit entries to asset accounts } & \$ 118,000 \\\hline \begin{array} { c } \text { Debit entries to accumulated depreciation accounts } \\\text { (resulting from sale of PPE assets) }\end{array} & \$ 91,000 \\\hline \begin{array} { c } \text { Credit entries to accumulated depreciation accounts } \\\text { (representing depreciation for the current year) }\end{array} & \$ 107,000 \\\hline\end{array}$ Johnson 's income statement for the current year includes a $14,000 loss on disposal of property, plant, and equipment. All payments and proceeds relating to purchase or sale of property, plant, and equipment were in cash.

-Based solely on the data provided above, Johnson's net cash from investing activities for the current year is:

• A) $160,000 net cash used in investing activities.
• B) $147,000 net cash used in investing activities.
• C) $13,000 net cash from investing activities.
• D) $91,000 net cash used in investing activities.

Recognize the importance of emotional intelligence in effective communication.

Comprehend the basic modes and processes of technical communication.

Understand the importance of audience and purpose in technical communication.

Identify strategies for managing communication challenges, including compromises and prioritizing information.

---

Definitions:

Actual Productivity

The real output or results produced by an individual, group, or organization, as opposed to potential output or expected performance.

Faulty Process

An ineffective or flawed procedure that leads to undesired outcomes.

Disjunctive Tasks

Tasks for which the performance of the group is determined by the best individual performance within the group.

Social Loafing

describes the phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.